Agrarian news
12.01.2010
Soybean industry publishes report on impact of railroads
The United Soybean Board (USB) announced on Jan. 11 that the Soy Transportation Coalition (STC), with funding from the soybean checkoff, recently published "Railroad Movement of Soybeans and Soy Products," a comprehensive report that sheds light on the role railroads play in the soybean industry.
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Russian 2009 grain crop estimate at 97.04 million tonnes
Russia's Federal State Statistics Service (FSSS) has issued a preliminary estimate of the 2009 grain crop at 97.04 million tonnes, 10 percent down from 108.18 in 2008, and above the latest government forecast of 93-95 million. Wheat output declined by just 3 percent from last year's record volume to 61.7 million tonnes, which is the third largest outcome in Russia's history.
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Czech beer industry to face problems in 2010
Czech beer will become more expensive, due to a recent increase of consumption tax in the country. In an attempt to ensure the flow of funds into the state budget, Czech Ministry of Finance has proposed to raise the country’s consumption tax, which has already led to an increase in beer prices by 30%. The Czech Parliament has already approved the government’s proposal and starting from January 1 the bill came into force.
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China to sell stockpiled grain, oils if needed to stabilize prices
China's National Development and Reform Commission announced on Sunday that grain and oils would be sold from local reserves if necessary in a bid to curb sharp price rise after heavy snowfalls in some areas.
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Ukrros intends to invest USD 7.5mln into plants' modernization
The largest sugar producer in Ukraine, the company Sugar Union Ukrros intends to invest USD 7.5 million or UAH 60 million in 2010 into modernization of seven plants. In particular, the company plans to transfer the plants to using coal as the energy carrier instead of gas.
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Crimea increased winter crops sowing areas by 2.1%
The Autonomous Republic of Crimea increased the sowing areas of grains and green feed for the harvest-2010 by 2.1% compared to the index of 2008 or 13.4 thsd ha, and reached the level of 646.9 thsd ha, declared the Main department of statistics of the Autonomous Republic of Crimea.
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Crisis does not prevent sea and river sectors from increasing profits 2.3fold
In 2009, sea and river transport enterprises got net profits at UAH 2.373 billion (1 USD - 7.985 UAH), 2.3 fold up against 2008, the Transport and Communications Ministry informed.
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Only producers to be entitled to import and export cognac spirits
A new draft law on cognac spirits has been submitted for consideration of the Verkhovnaya Rada.
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Russian GDP Will Probably Grow 6.7% This Quarter, RenCap Says
Russia’s economy will probably expand an annual 6.7 percent in the first quarter, Renaissance Capital said.
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Russia, Ukraine to continue work on joint projects in 2010 - Putin
Russia's Prime Minister Vladimir Putin hopes Russia and Ukraine will continue their work on major joint projects in the coming year.
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